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TECHNOLOGY

IBM partners Sarvam to strengthen India's sovereign AI ecosystem
BUSINESS

IBM partners Sarvam to strengthen India's sovereign AI ecosystem

New Delhi, July 31 — IBM and homegrown AI startup Sarvam have partnered to accelerate the development and adoption of sovereign artificial intelligence (AI) technologies in India, with a focus on government agencies, public sector organisations and regulated enterprises, according to a statement on…

Seoul shares up nearly 13 pc on tech boost
BUSINESS

Seoul shares up nearly 13 pc on tech boost

Seoul, July 31 — South Korean stocks traded nearly 13 per cent higher late Friday morning as investors scooped up semiconductor shares following Microsoft's strong earnings.After opening 1.15 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) expanded its gains, adding 717.3…

Apple delivers another record revenue quarter in India: Tim Cook
BUSINESS

Apple delivers another record revenue quarter in India: Tim Cook

New Delhi, July 31 — Apple CEO Tim Cook said that the company saw June-quarter revenue records in every geographic segment, including India, and results came despite “very significant constraints” in the supply chain and forex headwinds.Apple Company posted quarterly revenue of $109.4 billion, up…

Govt launches India's first sovereign-backed maritime P&I insurance
BUSINESS

Govt launches India's first sovereign-backed maritime P&I insurance

New Delhi, July 30 — The Department of Financial Services (DFS) on Thursday launched India's first sovereign-backed Protection and Indemnity (P&I) insurance product under the Bharat Maritime Insurance Pool (BMIP), a move aimed at strengthening the country's maritime risk management framework,…